Optiva Capital Partners Limited has launched a new product named Diaspora Investor Direct Investment (DIDI).
The chairman of Optiva Capital Partners, Mr Franklin Nechi, at an interactive session with journalists stated that the DIDI is “our unique product to attract diaspora funds and investments into the country.”
“The objective is to stand in the gap for Nigerians in the diaspora who seek to remit funds home for investment purposes because most of them are afraid of losing their funds to unscrupulous persons or agents, so we bridge that gap,” he said.
According to him, Nigeria diaspora funds is ranked amongst the top five globally, estimated at about $100 billion per annum, and “our target is to use the Optiva Capital structure, infrastructure and wealth management skills to get 5% channelled into productive investments that will yield good returns at home for Nigerians in the diaspora.”
On the modalities for implementation Nechi said, “First, you have to get Nigerians who seek to build homes to send their money so that we help them bridge the gap of trust and dishonest third parties.
“We help the diasporans to create an enabling environment that will ensure that they track the progress of their sundry investments.
“With DIDI we shall help investors manage the risks associated with repatriation of funds back to the country for sundry investments ranging from property development, farms, to cottage factories.”
The partnership establishes a formal relationship between Optiva Capital Partners and Polaris Bank Limited.
With the partnership, Optiva Capital has agreed to collaborate with Polaris Bank to be the provider of investment immigration, wealth management/ investment advisory and insurance products to Polaris Bank’s ultra-high net-worth individuals.